(b)

notifies the respective competent authority, at least 90 working days before issuing the asset-referenced token for the first time, by providing it with the following information: a programme of operations, setting out the business model that the credit institution intends to follow; a legal opinion that the asset-referenced token does not qualify as either of the following: a crypto-asset excluded from the scope of this Regulation pursuant to Article 2(4); an e-money token; a detailed description of the governance arrangements referred to in Article 34(1); the policies and procedures listed in Article 34(5), first subparagraph; a description of the contractual arrangements with third-party entities as referred to in Article 34(5), second subparagraph; a description of the business continuity policy referred to in Article 34(9); a description of the internal control mechanisms and risk management procedures referred to in Article 34(10); a description of the systems and procedures in place to safeguard the availability, authenticity, integrity and confidentiality of data referred to in Article 34(11).

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Source: EUR-Lex (Cellar) · retrieved 2026-10-10 · Text as adopted (Official Journal); later amendments are not incorporated in this text.